UK’s super rich ‘pile in’ to US property sector

The UK’s super rich have switched their gaze to the US residential and commercial property market, according to family wealth adviser Stonehage Investment Partners. John Veale, chief investment officer at Stonehage, said wealthy investors were “piling in” to the sector, in a move similar to the recent investment boom witnessed in the London property market.
He added that US residential property now accounts for between 8-10 per cent of a typical client’s portfolio, compared to a historical average closer to zero………………………………………..Full Article: Source